The latest top hedge fund manager to join the gold rush is Paul Tudor Jones of Tudor Investment Corp.

The precious metal is poised to win “the great liquidity race” as investors flood the markets after pulling back last year and early this year, Jones wrote in a letter to investors obtained by The New York Times.

“I have never been a gold bug,” Jones wrote in his quarterly update. “It is just an asset that, like everything else in life, has its time and place. And that time is now.”

In addition to professing his newfound love of shiny objects, Jones also told investors that Tudor’s flagship Global Fund returned about 2.2% in September, bringing the fund up to roughly 14.9% on the year. Both figures are somewhat less than the industry average, but Jones was able to report that the fund is up about 1.95% through the first half of October.

While Tiger Management founder Julian Robertson has recently taken the gold bugs to task, calling them “certifiably crazy,” there are certainly a lot of high-profile bugs around these days. In addition to Jones, Paulson & Co.’s John Paulson, Third Point’s Daniel Loeb and Greenlight Capital’s David Einhorn are bullish on the stuff, and former Man Group CEO Stanley Fink announced his new firm, International Standard Asset Management, plans to launch a gold fund in December.